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India needs to copy China better if it wants to be the next manufacturing powerhouse
To lure manufacturers away from the mainland, though, India is going to have to convince them that they’ll be able to operate just as easily and efficiently as they can in China.
No proposal to make India the export hub of Apple products: Piyush Goyal
In a separate reply, he said that in the last six financial years (2...
View: The only way out of India’s economic morass - be bold, make new mistakes
Privatisation, labour reform, fix the financial sector, cut fi...
FSSAI mulling making fortification of edible oil with vitamins A, D mandatory
Fortification of edible oil will ensure that people belonging to different socio-economic strata have easy access to fortified edible oil across the country, FSSAI CEO Arun Singhal said.
Ease of investment: One-stop repository of India’s land bank launched
The National GIS-enabled Land Bank system- a database of industrial areas and clusters across states- has information on more than 3,300 industrial parks across 31 states and UTs covering about 4.75 lakh hectare land.
Parliament passes Labour Bills, making it easier for employers to hire and fire
The Code on Occupational Safety, Health and Working Conditions, the Industrial Relations Code and the Social Security Code have already been passed by the Lok Sabha on Tuesday. These will now be notified after which the labour ministry will frame rules under all the codes as it plans to implement them early next year.
How will India's economic recovery shape up? Economists, business leaders weigh in
Six months from the first nationwide lockdown in March, with a sharp economic contraction looming large, all eyes are on the shape of the recovery graph. Macroeconomic outlook resembles an alphabet soup.
India extends quality norms enforcement deadline for domestic toy industry to Jan 2021
The move came in the wake of a study by the Quality Council of India (QCI) revealing that 67% of imported toys failed a testing survey, which prompted an aggressive push to produce safe toys in the country. Imports from China and Taiwan account for around 90% of the domestic toy market.
Consultants likely to scrutinise government tenders and track Make-in-India: DPIIT
Department for Promotion of Industry and Internal Trade said it “intends to onboard an agency for one year for scrutinising tenders of central government procuring agencies for its compliance with the order”.
Government to infuse Rs 20,000 crore in India's state-run banks
In April, Reuters reported that New Delhi had assured state banks that it is ready to provide capital support as the coronavirus pandemic may lead to a surge in bad loans as economic growth slows. The government has already pumped in Rs 3.5 lakh crore in the last five years to rescue its banks.
India makes visa rules stricter for Chinese
China is among 33 countries named by India with Iran, Turkey, Saudi Arabia, Sudan and Afghanistan, among others, whose nationals cannot be granted multiple-entry tourist visas for a five-year period as a default option.
Make in India: DTH company Dish TV to start manufacturing set-top-boxes in India
The company said that the first consignment of ‘made in India’ STBs is already ready and is being shipped, while by the first quarter of the next year, the company will shift almost 50% of production to India. Dish TV offers DTH service under three brands - Dish TV, D2H and Zing. It also runs a video streaming service, Watcho.
NeGD, CSC e-Governance Services sign MoU to make UMANG app services available via CSCs
With this Memorandum of Understanding (MoU) in place, the services on UMANG app will be available to citizens through the network of 3.75 lakh CSCs, an official release said.
Motherson Sumi looking for global partners to Make in India
The company will offer ease of entry to potential partners as part of its ‘Make with Motherson’ initiative by handling things like compliance, making land available, and hiring local workforce.
Why Silver Lake is making bold bets in India
Silver Lake — one of the most prominent investors in the global technology industry — kept mostly away from India over the last decade. But in a span of three months, the firm has pumped in about $2.